India is the largest democracy in the world and also has the second highest in the population in the world with 1.25 billion people. People in India face many problems in their daily life. India is also affected by illiteracy, unemployment, falling male-femaleratio, corruption, poverty, lack of health, education and hygiene facilities. From last few years, the scenario is changing. Many initiatives have been started by the Government of India and Prime Minister of India Mr Narendra Modi to face those problems. Campaigns and schemes like Digital India Campaign, Swaccha Bharat Abhiyaan, Beti Bachao-Beti Padhao campaign, Make in India campaign, National Literacy Mission Programme, Pradhan Mantri Kaushal Vikas Yojana and many more are initiated to face the problems faced by India. The Demonetization of 500 and 1000 currency notesis another step taken by PM Narendra Modi to cease the Black money andcorruption in India. Many schools and colleges organise various competitions like speech and essay competitions. Students are also asked to write articles on various topics in exams. Students get a chance to showcase their talents through this kind of competitions and that’s why we are here to help you out. We are giving you the core information about one of the schemes started by Government of India which is Pradhanmantri Jan Dhan Yojana. This information will help you to write a better essay and to build a perfect speech. You can modify the content as per your requirements as speeches and essays have different structures.

Good morning everyone, honourable chief guests, respected principal, teachers and my dear friends. Today I am going to talk about one of the schemes started by Government of India which is Pradhanmantri Jan Dhan Yojana. Now, I would like to start my speech.

Introduction

Pradhanmantri Jan Dhan Yojana-प्रधानमंत्री जन धन योजना(PMJDY) is a scheme initiated by Government of India andPrime Minister of India Mr Narendra Modi. The mission of this scheme is the financial inclusion of the people of India to provide them with the access to the financial services like having the own bank account and deposits, credits, insurance, pension, the remittance in an affordable way. The scheme was announced by PM Narendra Modi’s first Independence Day speech on 15 August 2014.

According to the scheme, a vision was introduced that every citizen of India should have his/her own bank account and he/she should be able to access financial services like Credits, loans, savings and deposits, pensions and other services. 1.5 Crore (15 million) bank accounts were opened under this scheme on the inauguration day itself. Pradhanmantri Jan Dhan Yojana scheme also made a Guinness World Record by opening most bank accounts under a government scheme in a very short time span. The record stated, “Most bank accounts opened in one week as part of the Financial Inclusion Campaign is 18,096,130 and was achieved by the Department of Financial Services, Government of India from August 23 to 29, 2014.” By 1 February 2017, over 27 crores (270 million) bank accounts were opened and almost ₹665 billion (US$10 billion) were deposited under the scheme.

The best thing about the Pradhanmantri Jan Dhan Yojana scheme is that people can open the bank account with zero balance and he/she will get an Accidental insurance cover of ₹1 lakh also. After six months of opening the bank account, holders will be eligible for ₹5,000 overdraft from the bank. With the introduction of new technology, a person can transfer funds, check balance through a normal phone which was earlier limited only to smartphones. The BHIM and UPI app were also introduced for instant banking.

About the author

Ajay Chavan

Hey guys! I am Ajay Chavan, a small town guy walking down the path to my dream. A hell-bent person who never gives up.
I love to write about stuff that makes a difference in someone's life.
And Hey! I am also the Co-Founder and COO of TeenAtHeart.